Posted on 05/03/2022 4:41:33 PM PDT by ChicagoConservative27
The Federal Reserve is racing to get inflation under control and pull back stimulus for an overheated economy with a double dose of rate hikes expected on Wednesday. The Fed’s monetary policy panel is expected to announce a 0.5 percentage point rate hike Wednesday, twice the size of a typical interest rate increase, as the bank rushes to get in front of rising prices.
(Excerpt) Read more at thehill.com ...
Hey, maybe my money market will finally start paying!
I hope you don’t have an adjustable.
Paid off my 15yr fixed at 4.25% a couple of years back. One of the happier days of my life.
Mortgage free as of two years ago.
Pay it off sooner especially if you have an adjustable mortgage loan. Congrats just the same. I’m sure it’s a relief.
They’re too late.
Going for the jugular to completely crater bond index funds. Effing bastards! Screwing over our retirement funds royally.
I don’t
I’m locked in at 4%
We cash flowed and paid ours off a couple of years ago too. It’s refreshing. My AF retirement check was paying the mortgage. I kept getting surprised by extra money in the bank…money I can do what I want with.
Locked in at 2 1/8 right before the rise started.
Paid off my 15 year fixed eight years ago and the final car loan two years ago.
ZERO debt.
LOL, I have not had a car loan in years.....I presently drive a 2006 Cadillac SRX and it’s the best vehicle I’ve ever owned.
Like you zero debt with the exception of a couple hundred bucks on credit card which I pay off monthly.
They need to shock the system with a full percent.
The hike will end up being less than .5%, and markets will react favorably.
Debt Free and 3 houses soon to be 4, 10 years now
We need 1 full point per quarter until all vestiges of inflation are exterminated.
Of course that is so painful we’ll never see it and be dealing with inflation until the very big bubble pops.
That’ll be really, really bad.
Nice of them to slip this in while the left implodes over SCOTUS
Joe Biden is wanting to forgive all home mortgages over 4.5%. Ya that will get the Rat voters out in 2024.
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